Everbank Acquires NetBank!

everbankWe received a note from Erica informing us of Everbank's acquisition of Netbank. This is big news!

To quote Erica:

"I wanted you and your readers to know that EverBank, one of the nation’s largest privately-held financial services firms, announced today it has reached an agreement that will increase its assets to approximately $7 billion, its deposits to approximately $6 billion, and its customer base to over 550,000, through the acquisition of NetBank’s direct banking and small business financing divisions and mortgage servicing portfolio. The acquisition should be completed by early summer with full integration expected by the third quarter of this year."

Related: We have been customers of Everbank for a couple of years. Last week we had analyzed Ever's FreeNet Checking account in our series on Online Checking Accounts.

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